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Verizon, AT&T stocks rise after HSBC upgrades to buy

Shares of Verizon Communications Inc. VZ, +1.29% and AT&T Inc. T, +1.66% are up 1.9% in Wednesday buying and selling after analysts at HSBC upgraded the stocks to shop for from hang. Verizon's inventory is the most important proportion gainer within the Dow Jones Industrial Average in Wednesday morning buying and selling. The analysts, led by Sunil Rajgopal, believe that Verizon, AT&T, and T-Mobile US Inc. TMUS, +Zero.55% are smartly located in internet, communications, entertainment, and e-commerce. "We see Verizon as steadily enhancing its presence in the internet media space, which should not only help to grow its revenue base but also to improve its standing vs. the internet giants," Rajgopal wrote. He likes AT&T's shareholder-return potential, even though he dislikes its exposure to the pay-TV industry. "T-Mobile appears well positioned to further improve its scale in mobile albeit at a slower pace than it has done historically," Rajgopal wrote, even though he already had a purchase rating at the inventory. Verizon shares are down 1.9% during the last 12 months, whilst AT&T shares are down 14%, and T-Mobile shares are down four.7%. The S&P 500 SPX, -Zero.42% is up 10% during the last 12 months, whilst the Dow Jones Industrial Average DJIA, -Zero.21% is up 15%.